j2 Global Buys Backup Connect
j2 Global just keeps on growing -- by acquisition.
j2 did not disclose the terms of the purchase, saying only that "the financial impact to j2 is not expected to be material." According to j2, the deal ensures the company "has customer bases and prospects serviced by local sales, support and online backup infrastructures in the US, UK, Ireland, New Zealand and The Netherlands." The company says it's planning further acquisitions.
As the rest of the market melts down today, j2 shares are dodging the worst of the damage, down only 0.1% at $38 and change as of this writing.
The article j2 Global Buys Backup Connect originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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